About your Search

20110701
20110731
Search Results 0 to 7 of about 8 (some duplicates have been removed)
, the sharpest >>> issue one, too big to fail? >> i urge democrats and republicans in the senate to find common ground on a plan they can get support that can get support from both parties in the houses, a plan that i can sign by tuesday. >> okay, the economic stats n the second quarter of this year, april, may, june, the u.s. economy grew at a rate of that's 4/10 every 1% growth. question, are these statistics a bigger worry than the debt ceiling prevailing argument? pat buchanan? >> they're equally big worries, john. despite the fact the president had an $800 billion stimulus fed is triple the money supply, three deficits of almost $5 trillion, the economy is dead in the water this. that argues for a stimulus of a reaganite stimulus or obama stimulus, but there's who more tools in the toolbox here. on the other side you have the debt deficit problem, which $10 trillion in deficits, which argues for austerity. spending cuts, taxations, so you've got two in total conflict. the president inherited aaron economy, john, that i think the only way this thing will go forward is through the old stagfl
planet. >> you hear about alternatives, right? wind, solar, algae. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: much talk, but little movement: the high-stakes debt and deficit impasse continued today, and last night's dueling primetime speeches by president obama and speaker boehner only seemed to reinforce the bitter stalemate over raising the country's borrowing limit. newshour congressional correspondent kwame holman begins our coverage. >> reporter: it was house speaker john boehner who had the last word
as the big three, and command a 93% share of the market. they look at the books of businesses and countries and judge how able they are to pay back financial observations. in a complex internet -- international economy, this information is vital to investors. when the bretton woods system of monetary management fell apart in the 1970's, the role of ratings agencies became even more important. the u.s. government gave them the task of assuring financial reliability. the european union has also require banks to increase capital in line with risk exposure. that risk is measured by the ratings agencies. >> the influence of ratings agencies lies on the one hand in the way their evaluation system has been incorporated into legislation. on the other hand, many business contracts are tied to the marks of the ratings agencies. that means certain private investors will only invest if there is a certain rating. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system historically failed on a massive scale and when the agenc
. and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without precedent in my lifetime or yours. the united st
of the wounds were really, really, really big. some of them had, you know, they had been running for their lives. they had their bones broken. some of them, you know, they were full of blood and dirt. >> reporter: this was the youth camp last year. norway's prime minister visiting. he was due at the camp tomorrow to give a speech. this was the youth camp just yesterday. these young people, the targets of an attack that has come out of the blue on a sunny summer's day, a day of horror, so far unexplained. >> woodruff: president obama extended his condolences to norwegians today, and offered american assistance with the investigation. for more on all this, we're joined by ahnders tvegard of norwegian public broadcasting. we thank you both. and i'm going to go to you first, in oslo. what is the latest that's known on the casualties, dead and injured? >> yeah, what they are telling about what happened out on the island, they have so far said that there are ten casualties at the island but they are not ruling out that there can be some more people that are being killed out there. they are even found
is going to be a big concern here as well as strong winds anhigh waves along the east coast. in terms of temperatures, it stays hot in china. shanghai reaches 37 degrees. very hot indeed. for the americas looking unsettled down in the southeastern corner here. watch out for the drenching thunderstorms picking up the energy from the gulf of mexico. couple of severe areas to watch out across the northern in the northeastern corner of the u.s. and canada. then behind the tail end of this frontal system, this low pressure moving over montana. northern plains, look out for the strong thunderstorms. looking showery down in the southwestern corner as well as western mexico. here temperatures stay very, very hot in the central and the southern portions of the u.s. 40 degrees in oklahoma city. 34 in denver. and 31 in chicago. now we take a look at europe. it remains very thundery and wet out towards the east. especially for the balkans dealing with that widespread rain and thunderstorms. this system is going to be making its way in a northeasterly direction. much of eastern europe looking unse
? >> there is a potential connection in the sense that if the u.s. were to default, we would see a big spike in long- term interest rates, so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates. so all of that could be quite problematic for the whole economy. so that's why, you know, certainly the treasury department and one has to say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this debate, is that already putting its own drag on these areas of the economy? >> well, so far i say the uncertainty about what is exactly going to happen, what's going to get cut, what could be affected is giving a lot of consumers and businesses pause, if you will, making it quite risk-averse. and one of the reasons we're going through a soft patch, it's not the only reason, one of the reasons is this uncertainty. and what is triggering is risk aversion on the part of businesses and consumers. so already in a sense they're anticipating or worried about what migh
Search Results 0 to 7 of about 8 (some duplicates have been removed)